Annualised since inception (after fees before tax)
Unit price as at
We look for companies that exhibit two major characteristics: value and growth. When selecting an investment, it must have growth opportunities and be priced at a discount to our valuation. These are small cap companies listed in Australia and New Zealand.
The Fund is designed to grow capital by investing in a small number of growth companies where we consider value is greatest and the opportunity of earnings growth is high.
Our Australasian Growth Fund received a 3-star Overall Morningstar Rating™ out of 27 Equity Region Australasian funds as at 31/03/22.
This Fund has a risk rating of 5 out of 7 (high risk).
Please read the Product Disclosure Statement (PDS) and Statement of Investment Policy and Objectives (SIPO) for more information, including details of the risks associated with this fund.
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Fact Sheet updated as at 30 April 2022
Total fund return since inception
Past performance is not a guarantee of future returns. All figures are calculated after fees and before any applicable tax.
Michael Goltsman Portfolio Manager and Senior Investment Analyst BCOM
Michael is the Portfolio Manager of the Australasian Growth Fund. He is also responsible for conducting research on Australasian equities.
Prior to joining Pie, Michael worked at Ophir Asset Management as a Portfolio Manager. Before that, he was previously based in London working as head of Citi’s UK Small & Mid Cap equity research team.
Michael holds a Bachelor of Commerce with Majors in Actuarial Studies and Finance from the University of New South Wales. Michael has passed all three levels of the CFA program.
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Product Disclosure Statements
Past performance is not a guarantee of future returns. No person, including the Directors of Pie Funds Management Limited, guarantees the repayment of units in the funds or any returns of units in the funds. Returns can be negative as well as positive and returns over different periods may vary.
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We are taking steps to try to preserve investor capital and take advantage of opportunities, arising from the severe market disruption associated with COVID-19.
To assist with buying into the current severe sell-off we have secured approval from our supervisor for a temporary exception to our Statement of Investment Policies and Objectives (SIPO), to allow us to exceed our maximum number of positions for the following funds:
We sought permission to increased position limits because we believe it will help us better serve our investors’ interests by:
The exemption is in force now. We will review the need for the exception in six months. If market conditions have returned to more normal settings, we will return within SIPO limits.